5259 Stage Rd Memphis, TN 38134
Estimated payment $799/month
Highlights
- 2.95 Acre Lot
- Wooded Lot
- 5-minute walk to Elva T. Bledsoe Park
- Altruria Elementary School Rated A-
About This Lot
PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure.Established neighborhoods surrounding the property Verify all information independently.
Property Details
Property Type
- Land
Lot Details
- 2.95 Acre Lot
- Wooded Lot
- Property is zoned Res10
Location
- City Lot
Community Details
- Unsubdivided Subdivision
Listing and Financial Details
- Assessor Parcel Number 088012 00081
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $328 | $10,525 | $10,525 | -- |
| 2024 | $328 | $9,675 | $9,675 | -- |
| 2023 | $589 | $9,675 | $9,675 | $0 |
| 2022 | $589 | $9,675 | $9,675 | $0 |
| 2021 | $596 | $9,675 | $9,675 | $0 |
| 2020 | $701 | $9,675 | $9,675 | $0 |
| 2019 | $701 | $9,675 | $9,675 | $0 |
| 2018 | $701 | $9,675 | $9,675 | $0 |
| 2017 | $398 | $9,675 | $9,675 | $0 |
| 2016 | $423 | $9,675 | $0 | $0 |
| 2014 | $423 | $9,675 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2026 01/15/26 | Price Changed | $149,977 | -5.7% | -- |
| 01/15/2026 01/15/26 | Price Changed | $159,000 | -11.2% | -- |
| 12/11/2025 12/11/25 | Price Changed | $179,000 | -10.4% | -- |
| 11/27/2025 11/27/25 | Price Changed | $199,700 | -3.5% | -- |
| 11/14/2025 11/14/25 | Price Changed | $207,000 | -8.8% | -- |
| 10/30/2025 10/30/25 | Price Changed | $227,000 | -0.2% | -- |
| 10/30/2025 10/30/25 | Price Changed | $227,500 | -8.1% | -- |
| 10/22/2025 10/22/25 | For Sale | $247,500 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $106,000 | First American Title |
Source: Memphis Area Association of REALTORS®
MLS Number: 10208229
APN: 08-8012-0-0081
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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